In 1966, at the age of seventeen, Person A began working for company P. She had reached the rank of a bookkeeper, chief of office and right-hand treasurer by 2004. The Pfeiffer board of chiefs, in recognition of their capacity, dedication, and long service time, agreed to increase the month-to-month salary of Individual A to $4,000 and make a retirement plan. The agreement allowed Feinberg to be granted the privilege of withdrawing from the complex contract if she wished to accept a retirement payment of $2,000 per month for life, even though the board expressed the faith that Person A would continue to represent the organization for a long time. Person A, as it may be, agreed to resign two a long time later. Company F has paid her retirement pay to Person A until 2013. The business suspended instalments from that point on. To discuss: The arguments that the company’s promise to pay person A $2,000 per month for life is enforceable.

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Answer 1

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Chapter 12, Problem 1TS

Summary Introduction

Case summary:

In 1966, at the age of seventeen, Person A began working for company P. She had reached the rank of a bookkeeper, chief of office and right-hand treasurer by 2004. The Pfeiffer board of chiefs, in recognition of their capacity, dedication, and long service time, agreed to increase the month-to-month salary of Individual A to $4,000 and make a retirement plan. The agreement allowed Feinberg to be granted the privilege of withdrawing from the complex contract if she wished to accept a retirement payment of $2,000 per month for life, even though the board expressed the faith that Person A would continue to represent the organization for a long time. Person A, as it may be, agreed to resign two a long time later. Company F has paid her retirement pay to Person A until 2013. The business suspended instalments from that point on.

To discuss: The arguments that the company’s promise to pay person A $2,000 per month for life is enforceable.

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Answer 2

Question

Chapter 12, Problem 1TS

Summary Introduction

Case summary:

In 1966, at the age of seventeen, Person A began working for company P. She had reached the rank of a bookkeeper, chief of office and right-hand treasurer by 2004. The Pfeiffer board of chiefs, in recognition of their capacity, dedication, and long service time, agreed to increase the month-to-month salary of Individual A to $4,000 and make a retirement plan. The agreement allowed Feinberg to be granted the privilege of withdrawing from the complex contract if she wished to accept a retirement payment of $2,000 per month for life, even though the board expressed the faith that Person A would continue to represent the organization for a long time. Person A, as it may be, agreed to resign two a long time later. Company F has paid her retirement pay to Person A until 2013. The business suspended instalments from that point on.

To discuss: The arguments that the company’s promise to pay person A $2,000 per month for life is enforceable.

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Answer 3

Question

Chapter 12, Problem 1TS

Summary Introduction

Case summary:

In 1966, at the age of seventeen, Person A began working for company P. She had reached the rank of a bookkeeper, chief of office and right-hand treasurer by 2004. The Pfeiffer board of chiefs, in recognition of their capacity, dedication, and long service time, agreed to increase the month-to-month salary of Individual A to $4,000 and make a retirement plan. The agreement allowed Feinberg to be granted the privilege of withdrawing from the complex contract if she wished to accept a retirement payment of $2,000 per month for life, even though the board expressed the faith that Person A would continue to represent the organization for a long time. Person A, as it may be, agreed to resign two a long time later. Company F has paid her retirement pay to Person A until 2013. The business suspended instalments from that point on.

To discuss: The arguments that the company’s promise to pay person A $2,000 per month for life is enforceable.

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Answer 4

Question

Chapter 12, Problem 1TS

Summary Introduction

Case summary:

In 1966, at the age of seventeen, Person A began working for company P. She had reached the rank of a bookkeeper, chief of office and right-hand treasurer by 2004. The Pfeiffer board of chiefs, in recognition of their capacity, dedication, and long service time, agreed to increase the month-to-month salary of Individual A to $4,000 and make a retirement plan. The agreement allowed Feinberg to be granted the privilege of withdrawing from the complex contract if she wished to accept a retirement payment of $2,000 per month for life, even though the board expressed the faith that Person A would continue to represent the organization for a long time. Person A, as it may be, agreed to resign two a long time later. Company F has paid her retirement pay to Person A until 2013. The business suspended instalments from that point on.

To discuss: The arguments that the company’s promise to pay person A $2,000 per month for life is enforceable.

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Answer 5

Chapter 12, Problem 1TS

Summary Introduction

Case summary:

In 1966, at the age of seventeen, Person A began working for company P. She had reached the rank of a bookkeeper, chief of office and right-hand treasurer by 2004. The Pfeiffer board of chiefs, in recognition of their capacity, dedication, and long service time, agreed to increase the month-to-month salary of Individual A to $4,000 and make a retirement plan. The agreement allowed Feinberg to be granted the privilege of withdrawing from the complex contract if she wished to accept a retirement payment of $2,000 per month for life, even though the board expressed the faith that Person A would continue to represent the organization for a long time. Person A, as it may be, agreed to resign two a long time later. Company F has paid her retirement pay to Person A until 2013. The business suspended instalments from that point on.

To discuss: The arguments that the company’s promise to pay person A $2,000 per month for life is enforceable.

Answer 6

Chapter 12, Problem 1TS

Summary Introduction

Case summary:

In 1966, at the age of seventeen, Person A began working for company P. She had reached the rank of a bookkeeper, chief of office and right-hand treasurer by 2004. The Pfeiffer board of chiefs, in recognition of their capacity, dedication, and long service time, agreed to increase the month-to-month salary of Individual A to $4,000 and make a retirement plan. The agreement allowed Feinberg to be granted the privilege of withdrawing from the complex contract if she wished to accept a retirement payment of $2,000 per month for life, even though the board expressed the faith that Person A would continue to represent the organization for a long time. Person A, as it may be, agreed to resign two a long time later. Company F has paid her retirement pay to Person A until 2013. The business suspended instalments from that point on.

To discuss: The arguments that the company’s promise to pay person A $2,000 per month for life is enforceable.

Answer 7

Chapter 12, Problem 1TS

Summary Introduction

Case summary:

In 1966, at the age of seventeen, Person A began working for company P. She had reached the rank of a bookkeeper, chief of office and right-hand treasurer by 2004. The Pfeiffer board of chiefs, in recognition of their capacity, dedication, and long service time, agreed to increase the month-to-month salary of Individual A to $4,000 and make a retirement plan. The agreement allowed Feinberg to be granted the privilege of withdrawing from the complex contract if she wished to accept a retirement payment of $2,000 per month for life, even though the board expressed the faith that Person A would continue to represent the organization for a long time. Person A, as it may be, agreed to resign two a long time later. Company F has paid her retirement pay to Person A until 2013. The business suspended instalments from that point on.

To discuss: The arguments that the company’s promise to pay person A $2,000 per month for life is enforceable.

Answer 8

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Answer 9

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Answer 10

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Answer 11

Ch. 12 - Prob. 1CO Ch. 12 - Prob. 2CO Ch. 12 - Prob. 3CO Ch. 12 - Prob. 4CO Ch. 12 - Prob. 5CO Ch. 12 - Prob. 1Q Ch. 12 - Prob. 2Q Ch. 12 - Prob. 3Q Ch. 12 - Prob. 4Q Ch. 12 - Prob. 5Q

Solution Summary: The author argues that the company's promise to pay person A 2,000 per month for life is enforceable under the promissory estoppel teaching.

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Chapter 12 Solutions